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IN RE MACHNE MENACHEM, INC.

No. 5-01-04926.

304 B.R. 140 (2003)

In re MACHNE MENACHEM, INC., Debtor.

United States District Court, M.D. Pennsylvania.

July 29, 2003.

Attorney(s) appearing for the Case

Ronald V. Santora, Wilkes Barre, PA, for Debtor.

Eugene Kelley, Wilkes Barre, PA, for Yaakov Spritzer.

OPINION1

JOHN J. THOMAS, Chief Judge.

Yaakov Spritzer ("Spritzer") presented an Amended Disclosure Statement and Amended Plan of Reorganization to this Court seeking confirmation. For the reasons stated below, Spritzer's Plan is not confirmed.

BACKGROUND

Machne Menachem, Inc. ("Debtor") is a not-for-profit corporation organized on July 21, 1995 under the...

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